I write this on the day I will attend the funeral of my 52 year old cousin-n-law. The specific facts are still not known but he crashed his motorcycle and left behind a wife without life insurance or a will.
Because Samuel’s wife, my cousin Kate, needs assistance to care for herself, Hillary, her 20 year old daughter, must now contemplate life on a $10/hour wage with an adult dependent.
The details of the story actually get worse but suffice it to say, the suddenness of death is real and it has come to my family in a very real way.
As a mid-40’s adult, I have dealt with quite a few family deaths and a lot more when you consider friends and colleagues. However, I now work in a business in which the foundational asset we teach clients to use is a very specifically designed“life insurance” contract and, (with shame I admit), I never sold it for “death benefit.”
When I purchased my first whole life insurance contract in 2008, I was motivated by the power of the “Private Reserve System” which allows me to realize growth on money I plan to spend anyway (anything from taxes to charities to everything in between). What is even more exciting is this same asset will ensure I have 30-50% more spendable income – guaranteed – when I retire. Point being, “death benefit” was more of an afterthought on my quest to build secure assets and like most people, it did not resonate with much credence (or even “need”) until now.
FOLKS, IF YOU EXPRESS LOVE FOR A SPOUSE AND/OR A CHILD, YOU NEED DEATH BENEFIT!
FOLKS, IF YOU SAY YOU LOVE SOMEONE AND YOU WANT THE BEST FOR THEM,
PUT YOUR MONEY WHERE YOUR MOUTH IS AND ESTABLISH A WILL!
In the spirit of full disclosure, before I understood the economic power of owning life insurance, I not only did not have life insurance, I did not have a will…..and I was a single mother who would cry with joy knowing I had been blessed with such a lovely creation as my son. Point being, I expressed heartfelt and real love for my child, but I had nothing in place to legally and financially protect him.
Folks, I was ignorant. I did not say that I am incapable of thinking at a high level, but I was once IGNORANT – UNKNOWING – MISSING THE FACTS – INEXPERIENCED – UNAWARE.
While I never want to be a product salesperson, please allow me to at least help you establish a term policy to protect those you love. If you are willing to take some time to learn, I can teach you how to use life insurance as an ASSET in a truly diversified wealth strategy. However, at least, for the sake of those you love, buy life insurance!
Of course, if you live in Texas I can introduce you to my wills & trust lawyer or help you find one in the state in which you live. Either way, please, set as your #1 priority that you will get life insurance and establish a will before the end of this quarter.
Lorie Burch, Wills & Trust Attorney, The Law office of Lorie. L. Burch, PC.
www.burch-law.com / email@example.com / 972-385-0558
If you interact with Lorie Burch for very long, you will hear her exclaim, “If you do not have a will….” and in a loud, enthusiastic voice you will respond in unison with those around you, “….then the State of Texas has one for you!”
While a newcomer to the scene will chuckle upon hearing the robust response of the crowd, and she will immediately acknowledge even the severity of this truth, almost 70% of US citizens do not have a will. When I asked Lorie why people abdicate their responsibility to care for those around them, she stated people do not have this vital legal document due to: (1) procrastination, (2) no understanding of how the law really works, and (3) cost.
While no one can help someone who won’t help themselves, lack of understanding can be overcome and cost is relative. In both cases, Lorie has been an exceptional and patient teacher for me and my family and, ultimately, the cost paled in comparison to the education and peace of mind we now have as a family.
Lorie is passionate about her legal practice because she deals with subject matter and life events that are the most difficult for people to confront. As such, when the inevitable occurs, those who have relied on a loved one who has passed away not only know what this person would have wanted to occur, but they have the power to do something about it. Lorie told me, “Creating a will has very little to do with what you have. It is about making this difficult time as easy for your loved ones as possible by letting them know your wishes and empowering them to carry those wishes out.”
When Lorie is not helping clients create legal peace of mind, she is busy pouring her heart and soul into women all around the country as the current National President of the oldest personal and professional development organization for working women, the American Business Women’s Association – ABWA. While she has officially been a member for nine years, Lorie grew up in ABWA because her mother is a long time member. When I asked Lorie what it is about ABWA that is so special she stated:
“From my earliest days all I knew is that I wanted to make a difference and change the world. The path God has put me on is not only what I do for a living but it is to support and promote the women of ABWA. I am passionate about helping ABWA because they have helped me be a more complete person. My biggest passion is advocacy – specifically equal rights for the LGBT community and I advocate on a local and national level. It is in ABWA that these two passions come to life as I was completely accepted, supported, promoted and even celebrated for all aspects of who I am- ABWA allowed me to be me. As such, I want to help change hearts and minds so that each person can live to their full potential which means living comfortably and productively in their own skin. This is what ABWA did for me!”
To learn more about ABWA, feel free to contact Lorie directly at firstname.lastname@example.org. Oh, and if you do contact her, get ready to have the phone answered by the most absolutely divine Senior Paralegal, Matthew. J